1. Listen to the Guidance Report Video.
2. Listen to the video below for the exercise/problem. The video completes the problems using the book numbers.
3. Open the Guidance Report and rework the problem with the changed numbers and place your answers on the guidance report. Do not alter the guidance report.
4. Submit the guidance report using the Assignment Submission tab below.
Complete the following problems and exercises:
•Chapter One, Exercises 2, 5, and 8
Ch 1(Ex 2): Calculate Total asset, Total Liability and Net income.
Ch 1(Ex 5)Compute the change in owner's equity during the yaer by using the accoumting equation.
Assume that there were ni owner investments or withdrawls during the year. What is the probable cause of the change in owner's equity from part(a).
Assume that there were no owner investment during the year. if owner withdraw $17,000 determine and compute the company's net income or net loss.
If owner investments and withdrawls amounted to $13,000 and $2,000 respectively, determine whether the company operated profitably during the year.
Ch 1(Ex 8)
Calculate total revenue for the year, total owner investment and total assets.
•Chapter One, Problems 3 and 5
•Chapter Two, Exercises 3 and 4
Watch Links
https://ashford.mediaspace.kaltura.com/media/ACC205A+Guidance+Report/0_jcw2utog (Guidance Report)
https://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+1+Exercise+2/0_fb5jmd3p (Chap 1 Exer 2)
https://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+1+Exercise+5/0_hag5gzo0 ( Chap 1 Exer 5)
https://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+1+Exercise+8/0_3ykykaf6 (Chap 1 Exer 8)
https://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+1+Problem+3/0_k4uguzuh (Chap 1 Prob 3)
https://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+1+Problem+5/0_pgxb3wmm (Chap 1 Prob 5)
https://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+2+Exercise+3/0_8obt920q (Chap 2 Exer 3)
https://ashford.mediaspace.kaltura.com/media/ACC205A+Chapter+2+Exercise+4/0_sdrw20qa (Chap 2 Exer 4)
SEE THE ATTACHMENT TO COMPLETE THE ASSIGNMENT
Other information is in attached file.
Attachment:- ACC-Week-One-Guidance-Report-.rar